The Clinton chronicle. (Clinton, S.C.) 1901-current, March 15, 1951, Image 4
Pape Four
THE CLINTON CHRONICLE
Thursday, March 15, 1951
UNCONTROLLED INFLATION WOULD
CREATE 'CATASTROPHIC’ RESULTS
Washington—The president's ef
forts to reconcile by executive per-
I ignoring them.
However, there is one certainty. |
j... . . .. That is that uncontrolled inflation
suasion the deference between the,^ eventuaIIy result in; |
positions of the treasury and the fed-, j Depression in the market for
eral reserve board on credit control all government bonds, as well as
would be amusing if the results other securities.
were not so certainly serious—per-, 2. Unemployment, on a large scale.
h;i;:s catastrophic to our economy. These two results of uncontrolled
In economics as in physics, the inflation are as certain as death,
reconciliation of the irreconcilable possible results of uncontrolled
is impossible—and the attempt is inflation arc
sure to result in an explosion. 1 * Destruction of ttl e market for
In this controversy (in whwh' bonds $ weU as other
there is no basis for argument) ^.securities,
large issue, which affects everyone,
is the control of inflation. A minor These are horrible to contemplate.
issue, but one of immense impor
tance, is the preservation
struction of the federal
2. Total unemployment.
, But there are plentv of examples in
or de - history. |
. ^ eserve There are so many phases of the 1
boards independence of judgment infl ^ tion problem as novv presented
that it is not possible to compress
President Woodrow; Wilson, under
whose administration the federal re-
a discussion of all of them in an
article brief enough to be published
m:., .vas established, would no more or to be read The White House'
statement might be analyzed, para-
raph by paragraph and its confus-
e called the board to the White
h;
House in an attempt to influence
ii decision on an economic Qties- s ions and sophistries embarrassingly
tion than he would have called the
sir. reme court to influence the
exposed, did time and space permit.
1 One thing is quite evident. Some
court s decision on a legal question. of th0 se who are advising the presi-
Lnt 11. The gtatement ghen out at den t do not understand the problem,
the White House, in the president’s, Fortunately there is one man in !
name on February 26. it was sug- pubIic life wh o not only under-
gested that conditions have changed stands the question but knows how
sin.o the federal reserve was estab- ^ expound it in simple, convincing'
lisned. Be it so. But the funda- language. There may be others, of'
economics ha\e not course. But Senator Douglas of II-
1 hanged, and do not change. linois in the senate on February 22
AJ! through the ages, inflation' (Congre^jo^i Record, page 1518, et
has meant rum and disaster to in- made an illuminating speech
dividuals and nations It has top- on ^ slrt>J ect. which should serve
Fled dynasties, undermined empires as a book not only for the con-1
and ruined repi*lics It can ruin gress but for the schools of eco- 1
the l mted States of America. namics in all universities and col-
No one knows that betfr than Mr leges Having himself been a pro-
Stalm, even if some presidential fessor of economics in the University
a< TK < r #. I )° t * ! of Chic ** 0 . Senator Douglas knows
The federal reser%e board has the his subject and how to teach it. He
power, the authority and the duty, also knows the taefs of life and of!
under the statutes, to control in- history.
flation. It will be disastrous if this m
power is rtrogated or impaired, f* A :|: nn p r :^ A
either by congressional enactment rrice
or by executive dictation or per- Requlotion 7
suasion He who attempts it, if he 1 p a • ■ i
lues long enough, will regret it. txpiQincd
In the White House pronuncia-1
ment of Fdbruary 2«. there is a Ceiling price regulation 7. which
manifest infusion of three prob- brought a number of domestic com
km*, which are separate and dis- »««<Iities under a •margin” t>-pe of
tin, t one from another. P ric * control is the first of several
a me problem is inflation One is P 1 * 00 ** 1 *0 substitute fairer
the price of government bonds One * na mo * ,p effective price control for
is full employment th * stop-gap general freeze order
Now a curt> «*i inflation might ? “ aco.rding to South
result in lower prices of govern- ciiffuii* OPS ^ lr * ctor j4me * D.
ment Umds or higher coupon rates, .
which amount to the same thing lhe m * r '
A vurb on inflation might affect* reUUert «• broad categories
Victory Seen For
United Nations If
War 'Stalemated'
Cntral Front, Korea, March 12
—The United Nations will have
rather than settling for no better
than a standoff if the Korean war
ends at the 38th parallel, Lt. Gen.
Matthew B. Ridgeway said today.
But the commander of Allied
tily that he knew of no plans to
ground forces in Korea added has-
end the fighting at the old border
between North and South Korea.
Ridgeway’s enigmatic statement
at a press conference followed by
five days an assertion by Gen.
Douglas McArthur that the war
would reach an inevitable stale
mate under the present setup. In
effect McArthur said he could not
win the war with what he had
under the limitations on his au
thority.
‘‘The things for which we fight
here are such overwhelming po
tential import that I cannot con
ceive of any member of our fight
ing force here feeling that there
lies ahead and field of indefinite,
indeterminate action. It is a posi
tive action from beginning to end.”
An American officer, comment
ing on the contrasting statements
by McArthur and Ridgeway, said:
“McArthur was speaking to the
United Nations. Ridgeway was
speaking to the battalions.”
Ridgeway said the North Koreans
and then the Chinese tried to throw
the United Nations forces into the
sea, and failed.
“And we must assume that their
objective is unchanged,” he added.
“They failed and will continue to
fail"
With plain reference to Russia
| Ridgeway said the “consequences
are potentially great to Commu-
! nist China and the forces backing
her.”
The Allied forces, he said, have
“let a lot of air out of the in
flated balloon of Chinese military
establishments.”
"Meanwhile,” he continued, “the
degree to which we deflate her mi
litary reputation, to that degree
we influence the thinking of mil
lions of people in Asia.
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date February 24.
Commodities affected include all
the items commonly sold in men’s
and women's apparel and shoe
stores, most of the items earned
in furniture and floor covering
stores and more than 75 per cent
of the volume handled by de
partment stores. These include
clothing, shoes, and rubber foot
wear. household textile commodi
ties. such as sheets, blankets, cur
tains. etc., furniture, rugs and
lamgM Some other groups may be
added later by amendments.
Retailers whose annual sales of
the items covered by the regula
tions are less than $20,000 have the
option of remaining under the gen
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OPS officials state that the regu
lation is based on the strongest
most effective type of retail price
control developed out of long ex-1
penence in World War II for the
this regulation.
Each retailer affected by the
regulation must make up a chart
showing what he sold goods for on
February 24, what he paid for those
goods and therefore, what his mar- !
gin was between cost and selling
price. This pricing chart rogula- !
tion allows each retailer to use ;
margin based on his own previous !
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CREDITORS’ NOTICE
All persons having claims against
the estate of Fannie Y. Blalock, de
ceased, are hereby notified to file the
same, duly verified, with the under
signed, and those indebted to said
estate will please make payment
likewise.
DR. GEO. R. BLAiLOCK,
Administrator.
March 9, 1961. 29-3c
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BLOOD PRESSURE
Corrected By Proven
System of Treatment
What better PROOF than expressions of appreciation from former patients — from people who
suffered the symptoms of abnormal blood pressure before coming to Dr. Hart, We have many, many
letters from former patients expressing appreciation and gratitude for treatments that put them on
the road to recovery. We know you are vitally interested in knowing whot these people have to say
AFTER treatment by Dr. Hart. The following is one of these letters; read it carefully—it tells its own
story.
ADVISES SICK PEOPLE TO CONSULT DR. HART
“For nine weeks, I suffered with headaches, dizzy spells and backaches. I was being treated for low blood pressure but
didn’t feel any better. I had no oppetite, was nervous and losing weight fast. I had no energy and my feet and lees felt tired
and weak. Sometimes after eating there would be pains in my stomach. My friends and neighbors advised me to try Chiro
practic, so I consulted Dr. C. J. Hart, off Laurens,” says Mr. G. L. Moore, 18 Wallace St., Wattsville, & C.
“After an examination, Dr. Hart found the cause of my trouble and started treatment. I began to feel better the very first
day. I returned to work and gradually but surely gained my strength back, even though I was working every day. I lost that
tired feeling, my headaches, dizzy spells and backache disappeared. My appetite returned and I gained 11 pounds weight dur
ing the first six weeks, and worked every day during that time. My digestion improved, bowel movements became normal and
it was no longer necessary to take laxatives.
“It has been more than three years since Dr. Hart dismissed me and I have had no further trouble. I have continued to
work every day and feel good. I take this opportunity to speak for Dr. Hart and what he has done tor me. If you are sick
and suffering ill health, I suggest that you consult Dr. Hart.”
Nervous System Is Key to Blood Pressure Problems
The maintenance of normal blood pressure is dependent upon
normal nerve action. Nerves which control heart action and nerves
which control the size of blood vessels are connected with the brain
and spinal cord. Irritation off these spinal nerves as they pass
throu£t the openings between bones off the spinal column may re
sult in a depleted nerve force and causing an abnormal blood
pressure.
Dr. Hart’s wide experience and valuable training qualifies him
to correct disorders of the circulating system.
If you are suffering the symptoms of an abnormal blood pres
sure—such as headaches, dizziness, spots before the eyes or physi
cal weakness, you should have the cause off your trouble located
and corrected. You will want to have this done immediately because
it is dangerous to delay.
A Great Tragedy
One of the greatest tragedies of our times is the large number
of persons who go ^ graves prematurely, due to the various
conditions which cause abnormal blood pressure.
Each day many lives are lost that might easily have been saved
had proper treatment been started in time and continued lone
enough. Not until it is fully realized how much can uS* don?
for sufferers from abnormal blood pressure is the force off this
tragedy so convincingly brought home. Hardly any class of serious
ailments is more amenable to proper treatonent than these conditions.
Even when treatment for conditions causing abnormal blood
pressure has been delayed, as a rule, much can be done to reUeve
the symptoms and remove imminent danger. Probably no other
human ailment responds with greater satisfaction than this condi
tion when it is treated in a scientific and practical manner
DR. CHARLES J. HART
254 West Main St. — LAURENS, S. C. — Next to First Methodist Church